Noranda gold find on Destiny claims
Drilling by Noranda Exploration on a property shared with Destiny Resources has intersected a gold mineralized zone 65 miles east of Timmins, Ont. Known as the Windjammer project, the property covers …
News
Brenda improves profit (November 16, 1987)
Stronger copper and molybdenum prices were cited as the reason behind improved earnings at Brenda Mines. The company, which operates a large copper-moly mine in British Columbia, realized net earnings…
Novagold drilling
NovaGold Resources has started drilling the first of two deep holes on its Fifteen Mile Stream property in Halifax Cty., N.S. The first hole is targeted for a depth of 1,600 ft and the second will go …
Tashota-Nipigon raises funds]]
Tashota-Nipigon Mines has reached five separate agreements with various limited partnerships in order to raise up to $4,175,000 for exploration. In return the company will issue about 1.7 million flow…
Pine Point results
Net earnings realized by Pine Point Mines for the 9-month period ended Sept 30, totalled $21.4 million or $4.62 per share. This compares with a net loss of $4.6 million or $1.02 per share realized dur…
Correction (November 09, 1987)
Contrary to what was reported in our issue of Oct 19, Tony H. Ransom is president of Pamorex Minerals Inc.
Lornex ups earnings
Lornex Mining Corp. realized net earnings of $26.8 million or $3.25 per share for the 9-month period ended Sept 30. During the same period last year, the company earned $20.1 million or $2.43 per shar…
MSV share buy nets Kerr two gold plays
An agreement to purchase about a 20% interest in junior-mining company MSV Resources has given Kerr Addison Mines a stake in two promising gold properties in northern Quebec. Kerr and msv have worked …
Barrick’s earnings up more than 50%
American Barrick Resources reports net income of $11.7 million or 34 cents per share on revenue of $83 million for the first nine months of 1987 compared with net income of $11.4 million or 28 cents …
Green Diamond gets Destor claims
Alberta-listed Green Diamond Oil Corp. has acquired a 1,500-ac claim group in the southeast corner of Destor Twp. in the Rouyn- Noranda, Que. region. Accessible by road, the property is located 22 mil…
Encouraging results by Gunnar, Mill City
Results continue to be encouraging from the 11,000-ft drilling program of Gunnar Gold and Mill City Gold on their joint venture Tyranite gold mine property near Gowganda in northern Ontario, the compa…
Bachelor Lake hopes for turnaround by 1988
According to the ancient adage, mines are made not found. Or to put it another way, it’s not finding but making the mine which separates the sheep from the goats of the mining world. Few companies kno…